UNITED GOLD & GOVERNMENT FUND INC
NSAR-B, 1995-02-28
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<PAGE>      PAGE  1
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SIGNATURE   THEODORE W. HOWARD                           
TITLE       V.P. & TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED DECEMBER 31, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000764842
<NAME> UNITED GOLD & GOVERNMENT FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       35,453,750
<INVESTMENTS-AT-VALUE>                      38,793,003
<RECEIVABLES>                                   84,959
<ASSETS-OTHER>                                  10,646
<OTHER-ITEMS-ASSETS>                             4,408
<TOTAL-ASSETS>                              38,893,016
<PAYABLE-FOR-SECURITIES>                     1,146,750
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      324,262
<TOTAL-LIABILITIES>                          1,471,012
<SENIOR-EQUITY>                              4,571,446
<PAID-IN-CAPITAL-COMMON>                    60,888,325
<SHARES-COMMON-STOCK>                        4,571,446
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        7,099
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (31,384,119)
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                              576,493
<INTEREST-INCOME>                              368,506
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 696,646
<NET-INVESTMENT-INCOME>                        248,353
<REALIZED-GAINS-CURRENT>                     3,604,960
<APPREC-INCREASE-CURRENT>                 (12,222,484)
<NET-CHANGE-FROM-OPS>                      (8,369,171)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      249,300
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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</TABLE>


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